This the trade as defined in the Street smart by Linda Raschke:
Conditions:
Candles close outside the Keltner channel, then the adx should be above the 31 level, wait for retracement to 20 EMA and place stop above the first close candle at the 20EMA with stop below:
1-4HR: Conditions are meet:
Entry above the close and breakout candle:
Conditions:
Candles close outside the Keltner channel, then the adx should be above the 31 level, wait for retracement to 20 EMA and place stop above the first close candle at the 20EMA with stop below:
1-4HR: Conditions are meet:
Entry above the close and breakout candle: